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Posts on ‘September 13th, 2004’

Moral, Ethics and Engineered Torture in the Corporate Environment

Moral, Ethics and Engineered Torture in the Corporate Environment

“It is courageous of Mr Briggs to openly state his professional assessment that the “Reputation of ***** has been destroyed by hypocrisy, mendacity and deceit”.

By internationally known humanitarian and former Shell geologist/whistleblower

Dr John Huong

Posted 13 Sept 2004

I have noted with great interest news of the book being written by my former esteemed colleague, Mr Paddy Briggs. I look forward to reading it next year.

It is courageous of Mr Briggs to openly state his professional assessment that the “Reputation of ***** has been destroyed by hypocrisy, mendacity and deceit”. I am not in a position at the moment to comment on his analysis as I am currently being sued for defamation for making not dissimilar comments about the same multinational. This is why I have substituted asterisks for the name of the relevant brand/company. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com

Shell to give no governance review at Sept strategy update – FT

AFX Europe (Focus): Shell to give no governance review at Sept strategy update – FT

“…at a meeting with about 10 UK institutional investors last week, van der Veer said that all decisions regarding future structural changes would be announced in November.”

Posted Sept 13, 2004

LONDON (AFX) – Anglo-Dutch oil giant Royal Dutch/Shell has decided against providing an update of its ongoing review into structure and governance when it unveils its revamped business strategy later this month, the weekend Financial Times reported, citing investors and shareholders at a meeting last week.

Instead, the oil giant will publish the results of its wide-ranging internal review in November, the newspaper said.

Last month, Jeroen van der Veer, group chairman of the Anglo-Dutch oil group, had signalled that Shell might release some details of the review alongside the unveiling of its latest strategy plan on Sept 22. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com

Call for Opec to let in oil majors to boost output

Financial Times: Call for Opec to let in oil majors to boost output

“Total, together with Royal Dutch/Shell, the Anglo/Dutch energy group, last year became the first western oil companies to sign a natural gas investment deal with Saudi Arabia.”

By Carola Hoyos in London

Posted September 13 2004

Oil companies cannot discover enough new oil to ease today’s production-capacity shortage, Thierry Desmarest, chairman and chief executive officer of Total, has said.

The chief of the French oil company told the Financial Times that members of the Organisation of the Petroleum Exporting Countries must open their doors to international oil companies to ensure that supply meets growing demand in the coming years.

Much of Opec has been closed to foreign investment since the 1970s. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com

Oil, gas ease an old enmity

THE WASHINGTON TIMES: Oil, gas ease an old enmity

“Sakhalin II, led by Royal Dutch Shell and with 45 percent Japanese ownership, has broken ground for the world’s biggest liquefied natural gas plant at Prigorodnye, southern Sakhalin.”

By Lucille Craft

Posted 13 Sept 04

TOKYO — Hostile and prickly neighbors for much of the past century, Japan and Russia are rapidly drawing closer, at least below the surface, propelled in part by Japan’s extreme energy vulnerability in an era of Middle East turbulence.

In one of the strangest legacies of World War II, Russia and Japan have never managed to sign a peace treaty officially ending hostilities that ceased in fact nearly 60 years ago. All that stands in the way are four tiny islands off the coast of northeastern Japan. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com

Shell Under Fire After Sakhalin-2 Spill

Moscow Times: Shell Under Fire After Sakhalin-2 Spill

“Environmental activists renewed criticism of Royal Dutch-Shell’s Sakhalin venture Friday…”

By Simon Ostrovsky

Staff Writer

Monday, September 13, 2004. Page 5.

Itar-Tass

Emergency cleanup crews Friday rounding up some of the 189 tons of fuel that spilled into Sakhalin’s coastal waters last week.

Environmental activists renewed criticism of Royal Dutch-Shell’s Sakhalin venture Friday, saying last week’s oil spill off the Far East island’s coast is indicative of what to expect as Russia’s largest foreign investment project goes forward.

“We’re seeing how dangerous this project is at its very earliest stages,” Dmitry Lisitsyn, chairman of the Sakhalin-based Sakhalin Environment Watch, said by telephone. “This is the sort of thing we expected to happen, but not so early on.” read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com

The Guardian: Davis exit likely to cost Sainsbury’s £4m

The Guardian: Davis exit likely to cost Sainsbury’s £4m

“He joins the growing list of chief executives such as Sir Philip Watts of Shell who have left companies with large pay-offs in spite of poor performance, sparking shareholder protests.”

Ashley Seager

Monday September 13, 2004

Sainsbury’s is thought to be close to settling a dispute with former chief executive Sir Peter Davis that could see him pocket nearly £4m in spite of presiding over a slump in the supermarket group’s sales, market share and profits.

Sir Peter was ousted in July after spending £3bn upgrading the group’s stores and distribution system to little apparent effect. Shareholders were outraged at the severance package he had negotiated.

Lawyers for both sides have been locked in talks for two months, with Sainsbury’s attempting to negotiate down the size of a package which includes 864,000 bonus shares awarded for 2003-04, a year’s pay of £500,000 and up to half a million bonus shares and options for the 2004-05 financial year. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com

FSA fights shy of interventionism

Financial Times: FSA fights shy of interventionism

“The FSA was criticised by some commentators for its decision to fine Shell £17m for misreporting reserves. This penalised shareholders who had already seen the value of their holdings suffer.”: “However, it does seem reasonable to deliver a message to shareholders that they have the responsibility to ensure senior [managers] manage their company well and they should share in the consequences of management not behaving well.”

By Deborah Hargreaves

Published: September 13 2004

The Financial Services Authority is not naturally an interventionist regulator and should look wherever possible for market-based solutions, according to Hector Sants, managing director of wholesale and institutional markets.

Part of the regulator’s approach to monitoring financial markets is to encourage operators to blow the whistle on malpractice. “We have the assumption that the majority of people in the marketplace are decent people seeking to do the right thing,” he said in an interview with the FT. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com
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